Container Carrier News

06 Dec 2019

Partnership Envisions Ammonia-Fueled Feeder Ship

Left to right:  Thomas Hansen, Director, Head of Promotion & Customer Support, for MAN, Dr. Xioazhi (Christina) Wang, ABS Vice President, Global Marine, and Mr. Zhiyong Zhou, SDARI Vice President, at signing of joint development project for a low-emission, ammonia-fueled containment vessel. Photo: ABS

ABS joined forces with MAN Energy Solutions (MAN) and the Shanghai Merchant Ship Design & Research Institute (SDARI) to develop an ammonia-fueled feeder vessel.The joint development project aims to produce designs for an ammonia-fueled Chittagongmax container carrier of 2700 TEU capacity.“Ammonia is an energy source with significant potential to help the industry meet IMO 2030 and 2050 emission targets but will require stringent new safety standards to be developed in order to support its adoption,” said Dr.

25 Nov 2019

Euroseas Acquires More Vessels

Pic courtesy: Euroseas Ltd.

Euroseas, a Greece shipping company that was founded about a century ago, said that it has took delivery of four container carrier vessels of intermediate size of 4,253 teu from Synergy Holdings Limited for approximately $40 million.All vessels are built in South Korea, three in 2009 and the other in 2008, the company said.The acquisition of the four vessels was financed by bank debt of $32 million, existing funds of Euroseas and a private placement of $6 million at a share price…

18 Nov 2019

Euroseas Acquires Four Containerships

Image: Euroseas

Greece-based provider of seaborne transportation for containerized cargoes Euroseas  announced that it has entered into agreements to acquire four 4,253 teu containerships built in South Korea, three in 2009 and one in 2008.The owner and operator of container carrier vessels said in a press release that the vessels are being acquired from companies controlled by Synergy Holdings Limited for a total consideration of approximately $40 million.The acquisition will be financed by bank debt…

14 Nov 2019

MOL Gets AiP for Containership Bow Wind-Shield

MOL General Manager Tetsuya Yamada, center. Image: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) announced that, DNVGL issued an Approval In Principle (AIP) to MOL and Samsung Heavy Industries (SHI) for Bow Wind-Shield designed for Ultra-Large Container Carrier on 30th October, 2019.This newly developed Bow Wind-Shield reduces the wind resistance on hull body of while ship is running, and it is expected CO2 reduction up to about 2–4% owing to optimal design for Ultra-Large Container Carrier. This is based on the technology…

30 Sep 2019

Euroseas Charters Akinada Bridge

Image: Euroseas Ltd.

Euroseas, a shipping company that was founded about a century ago, announced that  its container vessel, M/V Akinada Bridge has entered into a charter contract of minimum duration of ten months and maximum duration of thirteen months at a daily rate of $16,500.The owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes said that the charter will commence upon completion of the vessel’s special survey and drydocking and…

27 Sep 2019

CPLP Fixes Agamemnon with MSC

Pic: Capital Product Partners L.P. (CPLP)

Greek shipping company Capital Product Partners L.P. (CPLP) announced that its vessel, M/V ‘Agamemnon’ commenced new long-term time charter with Mediterranean Shipping Company Co. S.A.The 108,892 dwt / 8,266 TEU container carrier Agamemnon was built in built 2007 in Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea, said a press note from the shipping company engaged in the seaborne transportation of a wide range of cargoes, including dry cargo and containerized…

11 Jul 2019

MSC Reiterates No Shark Fin Policy

Pic: MSC

Swiss-based shipping line MSC Mediterranean Shipping Company is taking the opportunity to clarify and raise awareness of its zero-tolerance position on shark fin carriage, following a reported shark fin discovery earlier this year, involving a booking by another container carrier."MSC is proud to be implementing since several years a complete global ban on consignments of any type of shark fin and of endangered shark," said the global container shipping and a company in a press…

10 Jul 2019

CPP Gets Charter for Agamemnon, Archimidis

Photo: © 2019 Capital Product Partners

Capital Product Partners (CPP), the Greek shipping company engaged in the seaborne transportation, has agreed new long-term time charters with Mediterranean Shipping Company (MSC) for the M/V 'Agamemnon' and the M/V 'Archimidis'.The charter for the M/V ‘Agamemnon’ (108,892 dwt / 8,266 TEU, container carrier built 2007, Daewoo Shipbuilding & Marine Engineering Co., Ltd., South Korea) is expected to commence in the third quarter of 2019 upon completion of its previously announced scrubber installation and passing of special survey.The M/V ‘Archimidis’ (108,892 dwt / 8,266 TEU, container carrier

05 Jul 2019

Containerships in first SIMOPS boxship bunkering

Image credit: Containerships

Containerships performed its first simultaneous operations (SIMOPS) bunkering, which allows for the concomitant bunkering of liquefied natural gas (LNG) and execution of loading and unloading procedures.An unprecedented achievement improving Containerships’ operational efficiency and highlighting the Group’s leading role in the energy transition of the shipping industryOn July 4th, 2019, Containerships successfully carried out SIMOPS bunkering on its LNG-powered CONTAINERSHIPS NORD vessel in the Port of Rotterdam.

05 Jul 2019

FESCO Buys New Containership

Image: FESCO Transportation Group

FESCO Transportation Group, the largest intermodal transport operator in Russia, announced that the ice-class container vessel “FESCO Magadan”, with full capacity of 822 TEU, joined its fleet."The flag of the Russian Federation was solemnly raised on the ship on July 2, the day of the formation of the city of Vladivostok," said a press note from the public transportation and logistics company.The container ship will be operated on FESCO cabotage service “FESCO Magadan Line”. The launch of this container carrier on “FESCO Magadan Line” is scheduled for August…

11 Jun 2019

Euroseas Gets Refinance for Two Vessels

File Pic: Euroseas

Euroseas announced that it has closed the previously announced refinancing of two of its vessels with simultaneous interest rate reduction of 0.5% for all other existing loans and the redemption of approximately $11.7 million of value.The an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, said that the refinance is equivalent to about 59.4%, of its outstanding Series B Preferred Shares with simultaneous reduction…

28 May 2019

ZIM Expands Refrigerated Container Fleet

Pic: Maersk Container Industry

The Israel-headquartered container carrier Zim Integrated Shipping Services (ZIM) is expanding its ZIMonitor containers fleet in 2019 and adding advanced “Star Cool” containers manufactured by Maersk Container Industry (MCI).MCI informed that it has secured an order of 500 Star Cool Integrated Reefers from ZIM Integrated Shipping Services, establishing a strong relationship with the customer.For decades, ZIM has been offering advanced transport of fruit, meat, medicines, and other frozen or refrigerated cargo to its customers.

24 May 2019

Solar Array Installed on Cargo Ship

Ship solar power array supplied by Eco Marine Power onboard MV Panamana

The marine renewable energy technology company Eco Marine Power (EMP) announced that its Aquarius MAS + Solar solution has been installed on the large general cargo ship MV Panamana.The  Japan-based EMP said in a press release that this installation was carried out by the ship’s crew with remote support provided by Zeaborn Ship Management (Singapore) Pte. Ltd. and EMP from Japan.Over the next few weeks the solar power equipment will be integrated with EMP’s Aquarius Management & Automation System (MAS) and then put into service.MV Panamana is a 54…

22 May 2019

ZIM Cuts Q1 Net Loss

Pic: Zim

The Israel-headquartered container carrier Zim Integrated Shipping Services (ZIM) reported  a first-quarter net loss of $17.5 million compared with a net loss of $26.1 million in the first quarter of 2018.The global container shipping company said in a stock exchange annoucement that its first-quarter revenues were $796.2 million, an increase of 6% over the $751.4 million reported for the first quarter of 2018.In Q1 2019, ZIM carried 668 thousand TEUs (reflecting a decrease of 4.3% compared to Q1 2018)…

18 Mar 2019

Hapag-Lloyd Begins TNE Service

Map: Hapag-Lloyd

German-based cargo container shipping line Hapag-Lloyd AG is launching a new liner service offering a direct connection between Turkey and the US East Coast.The Turkey North America East Coast (TNE) service will operate every nine days between the Turkish seaport of Marmara (Izmit, Istanbul and Gemlik) and the US ports of New York, Norfolk and Savannah, said a press release from the world's fifth largest container carrier in terms of vessel capacity.In addition, the service will…

06 Mar 2019

Nuclear Container Ship Sets Sail to Arctic LNG2

Image: Rosatom State Atomi? Energy Corporation

The nuclear-powered, 260 meter long, 33980 tons deadweight 'Sevmorput' this week sailed from Murmansk to Arkhangelsk where it is to pick up more than 17,000 tons of construction goods.The lighter aboard ship (LASH) system carrier of FSUE Atomflot, the world’s only ship of its kind, will deliver thousands of tons of construction materials to the Arctic LNG 2 project in peninsula Gydan.At the port of Arkhangelsk, the ship will be loaded with pallets, containers and equipment. Upon completion of the loading works…

19 Dec 2018

HMM to Take Control of Busan Terminal

Image: Hyundai Pusan New-Port Terminal

The number one Korean national containers carrier Hyundai Merchant Marine (HMM) and Singapore-based terminal operator PSA International have secured complete ownership of the Hyundai Pusan New-Port Terminal (Pier 4) in the Port of Busan, South Korea.The container carrier sold off its majority ownership in PSA Hyundai Pusan New-Port Terminal Co in 2016 due to liquidity trouble.According to a report in Pulse, HMM will acquire 50 percent plus one share in PSA Hyundai Pusan New-Port Terminal through a private equity fund…

04 Dec 2018

Hyundai Merchant Marine to Say Good Bye to 2M Alliance?

Image: Hyundai Merchant Marine

South Korea's largest shipping firm Hyundai Merchant Marine (HMM) is likely to part ways with the 2M Alliance which will expire in April 2020 and join  a new ocean alliance said a local media report.According to a report in Business Korea, the 2M Alliance (consists of Maersk Line and MSC) is disadvantageous to HMM as it is not a full member of the alliance. HMM's status fell as the 2M Alliance inked a partnership deal with Israel's Zim Integrated Shipping Services, the report…

13 Nov 2018

Wan Hai Lines Confirms Orders for 20 Newbuilds

Pic: Wan Hai Lines

Taiwanese container carrier Wan Hai Lines confirmed an order of 20 container vessels with Japan Marine United Corporation (JMU) and Guangzhou Wenchong Shipyard (GWS) and China Shipbuilding Trading Company (CSTC).During the contract signing ceremony that was held at Wan Hai Lines’ Taipei headquarter on 12th November 2018, the Taiwan's shipping company said that the new order was part of its fleet improvement plan.The contract includes eight 3036Teu container vessels with JMU and twelve 2038Teu container vessels with GWS /CSTC…

08 Nov 2018

Hapag-Lloyd Profit Doubles

Pic: Hapag-Lloyd

German shipping company Hapag-Lloyd AG more than doubled its bottom line in the third quarter compared to the same period last year on account of booking lower interest costs.The container carrier said in a press release that it made a net profit of 112.4 million euros ($128.5 million) in the quarter ended Sept. 30, compared with EUR51.6 million a year earlier, on revenue that rose 8.6% to EUR3.04 billion.Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 million).Meanwhile…

30 Oct 2018

Hyundai Merchant Marine Mulls Fleet Capacity of 100 million TEUs by 2022

Photo: Hyundai Merchant Marine

The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022, during an employees  gathering at HMM HQ in the Seoul office.HMM recently ordered twelve 23,000 TEU and eight 15,000 TEU eco-friendly mega vessels in preparation for the IMO’s sulfur regulations starting from 2022…

28 Oct 2018

Mombasa Port Receives Largest Container Vessel

Pic: Kenya Ports Authority

Port of Mombasa of Kenya Ports Authority (KPA) pilots has received Mediterranean Shipping Company (MSC) container vessel MSC Maxine  master one of largest container vessel to dock at the facility.The port has registered a new performance record of 1450 moves within an eight-hour shift in the container operations, said a press release."The record was set by MSC Maxine in her maiden call at the Port of Mombasa on Wednesday beating the previous record of container carrier Livorno of 1265 moves registered late June this year…

21 Oct 2018

Abu Dhabi Ports, MSC Join with Silsal for Blockchain Solution

Pic: Abu Dhabi Ports

Abu Dhabi Ports subsidiary Maqta Gateway said that it is to carry out its first testing of international blockchain solution Silsal with a maritime operator in partnership with MSC Mediterranean Shipping Company, a global leader in shipping and logistics.Silsal provides a seamless and secure link between stakeholders across the trade community using the electronic ledger system.As a major carrier, MSC will provide vital information and feedback on the international pilot project…

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